March 17, 2023 Chris Kirkman
The new CEO of Silicon Valley Bridge Bank is asking its customers to help the financial institution rebuild after its collapse last week.
CEO Tim Mayopoulos reached out in an email to clients on Tuesday to encourage transferring money or leaving deposits in the bank’s accounts as it bounces back following its recent disaster, Bloomberg reported.
“The number one thing you can do to support the future of this institution is to help us rebuild our deposit base, both by leaving deposits with Silicon Valley Bridge Bank and transferring back deposits that left over the last several days,” he wrote.
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